Remaining Balances. Pursuant to IRC Section 125, any amounts remaining in the employee’s account at the end of a Plan Year must be forfeited. The County will use any forfeited amounts to help defray the Plan’s administrative expenses.
Appears in 4 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Remaining Balances. Pursuant to IRC Section 125, any amounts remaining in the employee’s account at the end of a Plan Year must be forfeited. The County will use any forfeited amounts to help defray the Plan’s administrative expenses.. PER DIEM UNIT EMPLOYMENT
Appears in 3 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
